Do Banks/Lenders Acquire Homes in Groups?

[C. S.]

Why would a bank acquire a property for $80,000 one month, and list it with a realtor for 38,000 the next month. Could this property just be a part of a group, and the bank is going to take the loss on this one? I'm speaking of Countrywide. The Bank of NY is the trustee. I've researched the property on-line and neither was listed as a prior lender.

This all new to me, so any information is helpful. I've already read the entire REO section on this forum.

Cynthia